Slower start to spring does not signal lower prices for Victoria real estate market

Slower start to spring does not signal lower prices for Victoria real estate market

A total of 545 properties sold in the Victoria Real Estate Board region this February, 19.3 per cent fewer than the 675 properties sold in February last year. The sales of condominiums were down 15.5 per cent from last year in February with 174 units sold. Single family homes were 24.4 per cent down from the year previous, with 260 sold this February.

Outside Influences Impact Spring Real Estate Market in Victoria

Outside Influences Impact Spring Real Estate Market in Victoria

A total of 545 properties sold in the Victoria Real Estate Board region this February, 19.3 per cent fewer than the 675 properties sold in February last year. The sales of condominiums were down 15.5 per cent from last year in February with 174 units sold. Single family homes were 24.4 per cent down from the year previous, with 260 sold this February.

Victoria Real Estate Market Starts the Year with Fewer Listings and Above Average Activity

Victoria Real Estate Market Starts the Year with Fewer Listings and Above Average Activity

A total of 478 properties sold in the Victoria Real Estate Board region this January, 11.3 per cent fewer than the 539 properties sold in January last year. Inventory levels edged lower, with 1,516 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2017, 38.6 per cent fewer than the 2,471 active listings at the end of January 2016.